
Wednesday, October 31, 2012 9:24:39 AM
I'm currently conducting a study to determine activities and efforts required to create a payment switching network (I.e. Think Visa / Mastercard/ China Union Pay).
Use Case:
1. Customer purchases a product from a merchant using a debit card
2. A payment network is used to connect the merchant acquirer to the bank that issues the debit card
Does anyone have any insight into the effort, infrastructure and activities required to set up this payment network? Much appreciated.
Thanks!
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